IPCO Germany GmbH (former Sandvik Process Systems; Fellbach, Germany; www.ipco.com) has acquired Extruwork S.r.L. (Gerenzano VA, Italy), a manufacturer of extruder lines for powder paint. Core capabilities are within design, production, service and spare parts supply. Extruwork has high technical reputation and knowledge of powder coating applications, including over 300 reference installations worldwide.
The acquisition further strengthens IPCO’s position in the powder paint segment. All key individuals are intended to be transferred to IPCO’s Italian operation in Milan, Italy.
“The acquisition is in line with IPCO’s long-term strategy for profitable growth. Through the acquisition, we strengthen our technology base and intend to further develop the global business for these products in the powder paint segment,” says Johan Sjögren, managing director for IPCO’s Equipment Division.